Describing Three Types of Financial Institutions Free Essay, Term Paper and Book Report
Describing Three Types of Financial Institutions
In this paper well be selecting the most appropriate financial institution for three
types of scenarios. And describing several features of each selection made. The four
types of primary financial institutions are public, semi-private, and focused.
Scenario one is a young, married, professional couple with high debt, yet also
High combined income. They are looking for long-term insurance and investment
Financial accounts. The most appropriate financial institution for them would be a focused financial institution. A focused institution is a financial institution actively seeking out customers with a particular need. A focused institution includes insurance companies that offer insurance products, pension funds that offer a medium for money distribution and long-term interest accumulation, financial credit companies that offer loans, credit, or other financial needs, and securities brokers who specialize in trading stocks and bonds for customers.
Scenario two is a university student needs her first fin......
Word Count: 494
Page Count: 1.9 (250 words a page / double spaced)
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